Real Estate Investment Properties for Sale in Frankfort, MI

Looking for investment property in Frankfort, MI with high ROI ?

Explore a variety of short-term homes & houses in Frankfort, MI. Invest wisely with VRBO & Frankfort, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Frankfort, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3290 Sumac Trail Frankfort, MI Welcome to the ultimate Up North escape! Located just a short drive up the scenic M-22 dri...	5 beds \| 4 baths \| 3,424 sq.ft.	$790,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.78% Airbnb Rental Income: $2459 Traditional Rental Income: $3290 Airbnb ROI: -0.17% Traditional ROI: 1.78%
404 Michigan Avenue Frankfort, MI A truly exceptional residence or vacation home. Nestled within the charming beachside comm...	5 beds \| 3 baths \| 2,800 sq.ft.	$1,190,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 0.28% Airbnb Rental Income: $2459 Traditional Rental Income: $3208 Airbnb ROI: -0.93% Traditional ROI: 0.28%
457 Lake Street Frankfort, MI Professional Pictures coming 10/4 - Very Charming turnkey home located in Frankfort where ...	2 beds \| 1 baths \| 800 sq.ft.	$409,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 0.61% Airbnb Rental Income: $2117 Traditional Rental Income: $1546 Airbnb ROI: 0.69% Traditional ROI: 0.61%
1148 Memory Lane Frankfort, MI Access to miles of Lake Michigan shoreline are just A short walk from this move-in ready, ...	3 beds \| 2 baths \| 1,200 sq.ft.	$255,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 6.39% Airbnb Rental Income: $2437 Traditional Rental Income: $2238 Airbnb ROI: 4.75% Traditional ROI: 6.39%
1137 CRYSTAL DRIVE Frankfort, MI Welcome to your dream retreat on the shores of Michigan's pristine Crystal Lake, where ser...	3 beds \| 2 baths \| 1,686 sq.ft.	$1,650,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 0.65% Airbnb Rental Income: $2437 Traditional Rental Income: $2666 Airbnb ROI: 0.12% Traditional ROI: 0.65%
1693 Elm Road Frankfort, MI Introducing an extraordinary opportunity to own a stunning property in Frankfort Michigan!...	3 beds \| 4 baths \| 1,986 sq.ft.	$1,349,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 0.76% Airbnb Rental Income: $2437 Traditional Rental Income: $3024 Airbnb ROI: -0.19% Traditional ROI: 0.76%
5016 Michabou Road Frankfort, MI This home in the attractive Michabou Shores Subdivision is about 2,800 Sqâ, 4 Bedrooms, ...	4 beds \| 3 baths \| 2,550 sq.ft.	$650,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.08% Airbnb Rental Income: $2507 Traditional Rental Income: $3492 Airbnb ROI: 1.45% Traditional ROI: 4.08%
4290 Johnson Road Frankfort, MI A tranquil location and nearly SIX acres with a seasonal view! This well-built 3 bed/2 ba...	3 beds \| 2 baths \| 2,423 sq.ft.	$474,900	Airbnb cash on cash: 2.6% Traditional cash on cash: 5.16% Airbnb Rental Income: $2437 Traditional Rental Income: $2979 Airbnb ROI: 2.6% Traditional ROI: 5.16%
3048 Frankfort Highway Frankfort, MI Tucked into the rolling hills just outside the charming coastal town of Frankfort, this fo...	4 beds \| 2 baths \| 2,288 sq.ft.	$475,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.35% Airbnb Rental Income: $2507 Traditional Rental Income: $2728 Airbnb ROI: 2.49% Traditional ROI: 4.35%
2540 Forrester Road Frankfort, MI Discover the perfect mix of privacy and convenience with this 3-bed, 2-bath home on 5 acre...	3 beds \| 2 baths \| 1,767 sq.ft.	$395,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 5.43% Airbnb Rental Income: $2437 Traditional Rental Income: $2604 Airbnb ROI: 3.37% Traditional ROI: 5.43%
1734 Frankfort Highway Frankfort, MI 5 Acre Parcel on M-115 splitable into 2 potential lots for new builds! Property currently ...	2 beds \| 1 baths \| 800 sq.ft.	$184,900	Airbnb cash on cash: 6.58% Traditional cash on cash: 5.94% Airbnb Rental Income: $2117 Traditional Rental Income: $1463 Airbnb ROI: 6.58% Traditional ROI: 5.94%
925 Beech Street Frankfort, MI Check out this beautiful home centrally located in Frankfort. Directly in between Crystal ...	4 beds \| 3 baths \| 1,722 sq.ft.	$659,999	Airbnb cash on cash: 1.4% Traditional cash on cash: 2.9% Airbnb Rental Income: $2507 Traditional Rental Income: $2824 Airbnb ROI: 1.4% Traditional ROI: 2.9%
#1A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 2.99% Airbnb Rental Income: $2117 Traditional Rental Income: $2798 Airbnb ROI: 1.16% Traditional ROI: 2.99%
#3B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.13% Airbnb Rental Income: $2117 Traditional Rental Income: $2892 Airbnb ROI: 1.16% Traditional ROI: 3.13%
#2A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.17% Airbnb Rental Income: $2117 Traditional Rental Income: $2798 Airbnb ROI: 1.25% Traditional ROI: 3.17%
#5A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.21% Airbnb Rental Income: $2117 Traditional Rental Income: $2827 Airbnb ROI: 1.25% Traditional ROI: 3.21%
#6A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.17% Airbnb Rental Income: $2117 Traditional Rental Income: $2798 Airbnb ROI: 1.25% Traditional ROI: 3.17%
#7B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.31% Airbnb Rental Income: $2117 Traditional Rental Income: $2892 Airbnb ROI: 1.25% Traditional ROI: 3.31%
#8B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.31% Airbnb Rental Income: $2117 Traditional Rental Income: $2892 Airbnb ROI: 1.25% Traditional ROI: 3.31%
#4B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.36% Airbnb Rental Income: $2117 Traditional Rental Income: $2921 Airbnb ROI: 1.25% Traditional ROI: 3.36%
110 Leelanau Avenue Frankfort, MI Location, Location, Location! Just one block from the sugar-sand shores of Lake Michigan, ...	5 beds \| 3 baths \| 2,300 sq.ft.	$875,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 2.64% Airbnb Rental Income: $2459 Traditional Rental Income: $3336 Airbnb ROI: 0.83% Traditional ROI: 2.64%
#11B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.36% Airbnb Rental Income: $2117 Traditional Rental Income: $2921 Airbnb ROI: 1.25% Traditional ROI: 3.36%
#12B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.18% Airbnb Rental Income: $2117 Traditional Rental Income: $2921 Airbnb ROI: 1.16% Traditional ROI: 3.18%
#9A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$685,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.21% Airbnb Rental Income: $2117 Traditional Rental Income: $2827 Airbnb ROI: 1.25% Traditional ROI: 3.21%
#10A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.04% Airbnb Rental Income: $2117 Traditional Rental Income: $2827 Airbnb ROI: 1.16% Traditional ROI: 3.04%
928 Pilgrim Highway Frankfort, MI LOCATION LOCATION LOCATION!! Only 1 1/2 miles to Frankfort beach and Crystal Lake! Turn th...	4 beds \| 2 baths \| 960 sq.ft.	$360,000	Airbnb cash on cash: 4.07% Traditional cash on cash: 4.68% Airbnb Rental Income: $2507 Traditional Rental Income: $2107 Airbnb ROI: 4.07% Traditional ROI: 4.68%
2737 Ellsworth Trail Frankfort, MI Enjoy relaxing days on your own 10+ acre private wooded retreat with shared access to stun...	3 beds \| 2 baths \| 1,254 sq.ft.	$525,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 2.96% Airbnb Rental Income: $2437 Traditional Rental Income: $2356 Airbnb ROI: 1.91% Traditional ROI: 2.96%
266 Adams Road Frankfort, MI Tranquil Up North Retreat on 13.5 Wooded Acres â 3 Bed, 3 Bath Escape to your private sa...	3 beds \| 4 baths \| 2,245 sq.ft.	$750,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 2.83% Airbnb Rental Income: $2437 Traditional Rental Income: $3137 Airbnb ROI: 0.98% Traditional ROI: 2.83%
#41A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$745,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.88% Airbnb Rental Income: $2117 Traditional Rental Income: $2835 Airbnb ROI: 1.07% Traditional ROI: 2.88%
#39B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.05% Airbnb Rental Income: $2117 Traditional Rental Income: $2835 Airbnb ROI: 1.16% Traditional ROI: 3.05%
#42B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$745,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 3.02% Airbnb Rental Income: $2117 Traditional Rental Income: $2929 Airbnb ROI: 1.07% Traditional ROI: 3.02%
#37A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,336 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.05% Airbnb Rental Income: $2117 Traditional Rental Income: $2835 Airbnb ROI: 1.16% Traditional ROI: 3.05%
#40B Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.19% Airbnb Rental Income: $2117 Traditional Rental Income: $2929 Airbnb ROI: 1.16% Traditional ROI: 3.19%
#38A Lake Street Frankfort, MI Welcome to Dune Ridge at Betsie Bay, a rare and refined collection of lakefront residences...	2 beds \| 2 baths \| 1,442 sq.ft.	$715,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.19% Airbnb Rental Income: $2117 Traditional Rental Income: $2929 Airbnb ROI: 1.16% Traditional ROI: 3.19%
407 Fortune Avenue Frankfort, MI Charming 1,000 Sq'/2BR+Sleeping Porch/1BA Congregational Summer Assembly Cottage (CSA - ww...	2 beds \| 1 baths \| 1,000 sq.ft.	$550,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 2.03% Airbnb Rental Income: $2117 Traditional Rental Income: $1697 Airbnb ROI: 1.8% Traditional ROI: 2.03%
2898 Glory Road Frankfort, MI A 3 bedroom, 2 bath ranch home located on a private 1.3 acre parcel at the end of Glory Ro...	4 beds \| 2 baths \| 905 sq.ft.	$550,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 2.63% Airbnb Rental Income: $2507 Traditional Rental Income: $2161 Airbnb ROI: 2.12% Traditional ROI: 2.63%
122 Forest Avenue Frankfort, MI Exceptional Beach Town Property in Charming Frankfort Welcome to your dream beach town ret...	4 beds \| 5 baths \| 2,500 sq.ft.	$1,375,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 1.43% Airbnb Rental Income: $2507 Traditional Rental Income: $3975 Airbnb ROI: -0.2% Traditional ROI: 1.43%
457 Lake Frankfort, MI Very Charming turnkey home located in Frankfort where you will find yourself just a short ...	2 beds \| 1 baths \| N/A	$409,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 2.33% Airbnb Rental Income: $2117 Traditional Rental Income: $1990 Airbnb ROI: 1.25% Traditional ROI: 2.33%
1785 Elberta Resort Road Frankfort, MI Welcome to your own slice of Northern Michigan paradise! Nestled on over 2.5 peaceful acre...	3 beds \| 2 baths \| 2,010 sq.ft.	$725,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 2.82% Airbnb Rental Income: $2437 Traditional Rental Income: $2966 Airbnb ROI: 1.16% Traditional ROI: 2.82%
1682 Elm Road Frankfort, MI Just outside the coastal town of Frankfortâwith its sandy beaches, iconic pier, and smal...	4 beds \| 3 baths \| 2,877 sq.ft.	$850,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.65% Airbnb Rental Income: $2507 Traditional Rental Income: $3346 Airbnb ROI: 0.82% Traditional ROI: 2.65%

Real Estate investment in Frankfort, MI

There are 40 properties for sale in the city of Frankfort . The median list price in Frankfort is $685,000 and the average price per square foot is $414. In October 2025, the average monthly cash on cash return in Frankfort is 3.00%. The average monthly rental income in Frankfort is $2,835.

Frankfort, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 40 investment properties available for sale in Frankfort.

In 2025, the best neighborhood to buy investment property is Frankfort.

The ROI for Long-Term is higher than the Short-Term in Frankfort with average rental income of $2,835.

Your search for investment property begins and ends here

Investment Property for Sale in Frankfort, MI

3290 Sumac Trail

Frankfort, MI

5 beds | 4 baths | 3,424 sq.ft.

$790,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 1.78%

Airbnb Rental Income: $2459

Traditional Rental Income: $3290

Airbnb ROI: -0.17%

Traditional ROI: 1.78%

404 Michigan Avenue

Frankfort, MI

5 beds | 3 baths | 2,800 sq.ft.

$1,190,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 0.28%

Airbnb Rental Income: $2459

Traditional Rental Income: $3208

Airbnb ROI: -0.93%

Traditional ROI: 0.28%

457 Lake Street

Frankfort, MI

2 beds | 1 baths | 800 sq.ft.

$409,900

Airbnb cash on cash: 0.69%

Traditional cash on cash: 0.61%

Airbnb Rental Income: $2117

Traditional Rental Income: $1546

Airbnb ROI: 0.69%

Traditional ROI: 0.61%

1148 Memory Lane

Frankfort, MI

3 beds | 2 baths | 1,200 sq.ft.

$255,000

Airbnb cash on cash: 4.75%

Traditional cash on cash: 6.39%

Airbnb Rental Income: $2437

Traditional Rental Income: $2238

Airbnb ROI: 4.75%

Traditional ROI: 6.39%

1137 CRYSTAL DRIVE

Frankfort, MI

3 beds | 2 baths | 1,686 sq.ft.

$1,650,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $2437

Traditional Rental Income: $2666

Airbnb ROI: 0.12%

Traditional ROI: 0.65%

1693 Elm Road

Frankfort, MI

3 beds | 4 baths | 1,986 sq.ft.

$1,349,900

Airbnb cash on cash: -0.19%

Traditional cash on cash: 0.76%

Airbnb Rental Income: $2437

Traditional Rental Income: $3024

Airbnb ROI: -0.19%

Traditional ROI: 0.76%

5016 Michabou Road

Frankfort, MI

4 beds | 3 baths | 2,550 sq.ft.

$650,000

Airbnb cash on cash: 1.45%

Traditional cash on cash: 4.08%

Airbnb Rental Income: $2507

Traditional Rental Income: $3492

Airbnb ROI: 1.45%

Traditional ROI: 4.08%

4290 Johnson Road

Frankfort, MI

3 beds | 2 baths | 2,423 sq.ft.

$474,900

Airbnb cash on cash: 2.6%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $2437

Traditional Rental Income: $2979

Airbnb ROI: 2.6%